Sphero CEO Paul Berberian told The Verge that the company will be clearing out its remaining licensed toy inventory and won’t manufacture anymore.
The company also says that apps for the toys will last at least two years, if not longer. Berberian said that “the licensed toy business required more resources than it was worth.”
Even though the company may have sold millions of BB-8 droids, sales started to decline especially between Star Wars films, Berberian says “When you launch a toy, your first year’s your biggest,” he says. “Your second year’s way smaller, and your third year gets really tiny.”
The Verge also says that Sphero will now be shifting its focus to educational products by trying to getting more products in more schools with products such as their programmable robot with LEDs and Specdrums.
Source: The Verge